Sierra Wireless (NASDAQ:SWIR) Downgraded by ValuEngine

ValuEngine lowered shares of Sierra Wireless (NASDAQ:SWIR) (TSE:SW) from a hold rating to a sell rating in a research note issued to investors on Friday, ValuEngine reports.

SWIR has been the subject of several other reports. BidaskClub downgraded shares of Xperi from a sell rating to a strong sell rating in a report on Wednesday, June 19th. Raymond James restated a buy rating on shares of Canadian Natural Resources in a report on Friday, May 10th. Zacks Investment Research downgraded shares of G1 Therapeutics from a buy rating to a hold rating in a report on Thursday, May 16th. Finally, National Bank Financial raised their target price on shares of Yamana Gold from C$3.75 to C$4.00 and gave the company a sector perform rating in a report on Friday, May 10th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $17.39.

NASDAQ:SWIR opened at $11.64 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.69 and a quick ratio of 1.37. The company’s 50-day simple moving average is $12.05. Sierra Wireless has a twelve month low of $10.80 and a twelve month high of $22.58. The stock has a market cap of $425.12 million, a P/E ratio of 89.54, a P/E/G ratio of 294.00 and a beta of 2.18.

Sierra Wireless (NASDAQ:SWIR) (TSE:SW) last posted its earnings results on Thursday, May 9th. The communications equipment provider reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. Sierra Wireless had a negative net margin of 3.52% and a positive return on equity of 0.40%. The firm had revenue of $173.81 million during the quarter, compared to the consensus estimate of $172.24 million. During the same period last year, the firm posted $0.09 EPS. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis.

Hedge funds and other institutional investors have recently modified their holdings of the company. Mascoma Wealth Management LLC grew its holdings in shares of Sierra Wireless by 77.3% during the first quarter. Mascoma Wealth Management LLC now owns 2,660 shares of the communications equipment provider’s stock worth $33,000 after buying an additional 1,160 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Sierra Wireless during the first quarter worth about $76,000. Armor Investment Advisors LLC purchased a new stake in shares of Sierra Wireless during the first quarter worth about $125,000. Legal & General Group Plc grew its holdings in shares of Sierra Wireless by 251.8% during the fourth quarter. Legal & General Group Plc now owns 14,416 shares of the communications equipment provider’s stock worth $193,000 after buying an additional 10,318 shares in the last quarter. Finally, WealthTrust Axiom LLC grew its holdings in shares of Sierra Wireless by 9.7% during the first quarter. WealthTrust Axiom LLC now owns 17,000 shares of the communications equipment provider’s stock worth $210,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 26.73% of the company’s stock.

Sierra Wireless Company Profile

Sierra Wireless, Inc, together with its subsidiaries, manufactures and sells cellular wireless devices, and provide services in the wireless communications and information technology industry in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its Original Equipment Manufacturer (OEM) Solutions segment offers embedded cellular modules, short range wireless modules, global navigation satellite system modules, software, and tools to integrate wireless connectivity into various products and solutions for OEM customers, including the embedded wireless modules product portfolio; cloud-based remote device and data management solutions; and Legato, an open source Linux-based platform.

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Analyst Recommendations for Sierra Wireless (NASDAQ:SWIR)

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